Mid-American Wealth Advisory Group provides portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Mid-American Wealth Advisory Group reports 958 clients. They include 902 individual clients, 46 high-net-worth individuals, and 10 pension and profit-sharing plans. Of its assets, 100.0% ($336M across 2,191 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 94% | 73% |
| High-net-worth individuals | 5% | 26% |
| Pension and profit-sharing plans | 1% | 1% |
| Corporations and other businesses | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 902 | $244M | 72.6% | $270K |
| High-net-worth individuals | 46 | $86.4M | 25.7% | $1.88M |
| Pension and profit-sharing plans | 10 | $4.46M | 1.3% | $446K |
| Corporations and other businesses | Fewer than 5 | $1.13M | 0.3% | — |
| Total | 958 | $336M | 100% | — |
- Clients
- 902
- Regulatory AUM
- $244M
- AUM share
- 72.6%
- Avg. per client
- $270K
- Clients
- 46
- Regulatory AUM
- $86.4M
- AUM share
- 25.7%
- Avg. per client
- $1.88M
- Clients
- 10
- Regulatory AUM
- $4.46M
- AUM share
- 1.3%
- Avg. per client
- $446K
- Clients
- Fewer than 5
- Regulatory AUM
- $1.13M
- AUM share
- 0.3%
- Avg. per client
- —
Total
- Clients
- 958
- Regulatory AUM
- $336M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Mid-American Wealth Advisory Group charges 0.70%–1.25% a year for its Asset Management Fees. The fee is billed in arrears. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Tax Preparation
- Tax preparation is offered to clients for an additional fee; the brochure states no rate, and clients may use any other preparer.
Mark Falter owns 50% to 75% of Mid-American Wealth Advisory Group. The leadership team of Mid-American Wealth Advisory Group includes President Mark Falter. It has 21 employees, 6 of them in advisory roles.
Leadership
- Mark FalterPresident, CCO
- Amy FalterOwner
Investment adviser representatives
7 representatives listed in the SEC register as of 9 October 2026.
- Charles Martin Bourquin
- Joshua Stephen Falter
- Mark Stephen Falter
- Richard Caleb Falter
- Patrick Donald Guilfoy
- Kolton Hunter Hurst
- Kayden Lee Jackson
Staff
- 21 employees
- 6 in advisory functions
- 6 state-registered reps
- 8 insurance agents
- Owns 50% to 75% of Mid-American Wealth Advisory Group Inc.
Mark Falter
Control person · since April 1999
- Owns 25% to 50% of Mid-American Wealth Advisory Group Inc.
Amy Falter
Control person · since April 1999
Mid-American Wealth Advisory Group’s regulatory assets grew 1.8× from $191M (July 2021) to $336M (March 2026); clients rose from 862 to 958 and employees from 11 to 21.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $336M | 958 | 21 | 3 |
| January 2025 | $283M | 936 | 19 | 2 |
| January 2024 | $259M | 921 | 15 | 2 |
| February 2023 | $238M | 895 | 10 | 2 |
| March 2022 | $237M | 1,053 | 10 | 2 |
| July 2021 | $191M | 862 | 11 | 2 |
Besides its headquarters, Mid-American Wealth Advisory Group has 2 offices, with 3 listed addresses in Kansas and Missouri.
Missouri · 2 listed addresses
- 7505 NW Tiffany Springs Parkway, 4th Floor, Kansas CityHQ
- 200 Ne Missouri RD., Lee'S Summit
Kansas · 1 listed address
- 7300 West 110th Street Commerce Plaza, Overland Park
Contact and registration details
- Legal name
- Mid-American Wealth Advisory Group Inc.
- Headquarters
- 7505 NW Tiffany Springs Parkway, 4th Floor, Kansas City, MO 64153
- Phone
- 816-640-5888
- @midamericanwealthadvisory
- SEC file
- 801-121111
- Structure
- Missouri corporation
- Fiscal year end
- December
Mid-American Wealth Advisory Group uses Charles Schwab ($325M) as custodian for its separately managed accounts. Mid-American Wealth Advisory Group has custody of $83M in client assets for 340 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $325M100%
At year end, Mid-American Wealth Advisory Group’s separately managed accounts were mostly in funds (66%) and stocks (17%). Its reported 13F holdings for the quarter ended 30 June 2026 total $277M across 66 positions; the largest are Elevation Series Trust (16.5%), Simplify Exchange Traded Fun (11.1%) and Pimco ETF TR (10.6%).
What the accounts hold
- Stocks17%
- Exchange-traded equities16%
- Non-exchange-traded equities1%
- Funds66%
- Registered funds65%
- Pooled vehicles1%
- Bonds11%
- Investment grade corporate bonds8%
- U.S. government and agency bonds1%
- State and local bonds1%
- High-yield corporate bonds1%
- Cash5%
- Other1%
- Mortgage backed securities1%
Reported 13F holdings
- $277M
- Reported 13F value
- 66
- Positions
- 68.5%
- In the 10 largest
- +16.8%
- Value vs. prior quarter
- Elevation Series Trust · S&P AU DE IN ETF16.5%
- Simplify Exchange Traded Fun · Short Term Trea11.1%
- Pimco ETF TR · 0-5 High Yield10.6%
- Aim ETF Products Trust · Allianzim US Equ6.6%
- Pimco ETF TR · Ultr SH GO AC FD6.5%
- Pimco ETF TR · Multisector BD4.6%
- iShares TR · Ibon 2026 TE ETF3.8%
- Pimco ETF TR · 15+ YR US Tips3.1%
- SPDR Series Trust · ST Str Blo 1 ETF3.0%
- Aim ETF Products Trust · Allia US May ETF2.7%
Together, the ten largest are 68.5% of reported value.
How many clients does Mid-American Wealth Advisory Group have?
Mid-American Wealth Advisory Group has 958 clients and manages $336 million for them, as of March 2026. They include 902 individual clients, 46 high-net-worth individuals, and 10 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does Mid-American Wealth Advisory Group offer?
Mid-American Wealth Advisory Group provides portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Mid-American Wealth Advisory Group charge?
Mid-American Wealth Advisory Group charges 0.70%–1.25% a year for its Asset Management Fees. The fee is billed in arrears.
Which custodians does Mid-American Wealth Advisory Group use?
Mid-American Wealth Advisory Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $325M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026
How many financial advisors does Mid-American Wealth Advisory Group have?
Mid-American Wealth Advisory Group has 6 investment adviser representatives registered with state securities authorities, out of 21 employees, and 6 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 8 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Mid-American Wealth Advisory Group invest in?
At the end of its last fiscal year, Mid-American Wealth Advisory Group’s separately managed accounts held 65% registered funds (mutual funds, ETFs, BDCs), 16% exchange-traded equities, 8% investment grade corporate bonds, 5% cash and equivalents, 1% non-exchange-traded equities, 1% U.S. government and agency bonds, 1% state and local bonds, 1% high-yield corporate bonds, 1% pooled vehicles (private funds and similar) and 1% other. The 1% other category is described as: Mortgage Backed Securities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Mid-American Wealth Advisory Group?
Mid-American Wealth Advisory Group’s direct owners are Mark Falter (50% to 75%) and Amy Falter (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does Mid-American Wealth Advisory Group get paid?
Mid-American Wealth Advisory Group is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Mid-American Wealth Advisory Group registered with the SEC?
Yes, Mid-American Wealth Advisory Group has been registered with the SEC as an investment adviser since 30 April 2021. Its CRD number is 301621 and its SEC file number is 801-121111.
Source: Form ADV Part 1A, Item 1, filed 27 March 2026; IAPD firm record
How do I contact Mid-American Wealth Advisory Group?
Mid-American Wealth Advisory Group’s main office is at 7505 NW Tiffany Springs Parkway, 4th Floor, Kansas City, MO 64153. Its phone number is 816-640-5888. Its website is midamericanwealthadvisory.com.